Post
Topic
Board Announcements (Altcoins)
Re: [ANN][HONORCOIN][XHC] PoS | Anonymity Airdrop | Poloniex & Bittrex
by
mkasiak
on 09/06/2014, 07:08:11 UTC
Devs have written 2 days ago, that they do not want to support day-traders, but longterm investors. I think that is why they are silent for two days.

There are buy walls placed at low price and many people sell into it. Some people are loading bags, other sell at loss.  Then we will have an announcment and price will jump much higher to another level. Then there will be another FUD, another daytraders selling at loss and bigger investors buying.

I am pissed of this, because it is dangerous strategy, but I can understand them.